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Lockheed Wins $238M to Produce GPS III Space Vehicles

The U.S. Air Force has awarded Lockheed Martin‘s (NYSE: LMT) space systems company a $238, 489, 236 contract to begin production of GPS III Space Vehicles three and four, the Pentagon announced Wednesday.

The space vehicles will offer increased m-code anti-jam capabilities while enabling full earth coverage, according to an Air Force document.

Work will be performed in Newtown, Pa. and is expected to be completed by Jan. 24, 2016.

On Jan. 6, the Air Force awarded Lockheed a $21.5 million contract to provide a “launch checkout and capabilities system” for the GPS III program, which is set to be integrated with the Raytheon’s (NYSE: RTN) NextGen operational control system.

Previous GPS III program coverage:

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